(RECAP: The Better Housing Coalition broke ground on its $9.2 million development in the Union Hill neighborhood of East Richmond, Va. The BHC started its process of converting the former Citadel of Hope, a Colonial property built in 1923, into affordable apartments for working families.)
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(RECAP: Potential homeowners could be given more help from an improvement in homeownership programs. The NAR has been pushing for improvements to homeownership programs including how condos are treated. The association wants a change to the rules to make it simpler to get FHA financing for condos.)
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(RECAP: Looking at the other end, LIHTC apartments were the most prevalent in Richmond, Va., where there are 22 housing credit units for every 100 low-income households, according to researchers. Kansas City was next with 21.68 units followed by Virginia Beach/Norfolk, Va., with 21.05 units. But, in every single metro, designated affordable housing units still fell well small of the needed volume, according MPF Research.)
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